Since the launch of Professional Builder’s Daily Feed newsletter on June 4, 2014, I have scanned thousands upon thousands of news stories about or related to home building in some way.
Charts show end of housing recovery
Fortune magazine presents four charts that seem to indicate the housing recovery is over. The charts exhibit price-to-rent ratios and homeownership rates that have reached their usual long-term averages, as well as a normalization of the housing-wealth-to-GDP ratio. The report also suggests that the decrease in buyers paying for homes in cash indicates less confidence in residential real estate returns.